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Balance Transfer Credit Cards
Balance transfer credit cards are designed to allow consumers to transfer a higher interest credit card balance onto a credit card with a lower interest rate, which can help save money in finance charges.
When you transfer a balance to a card with a low introductory APR of 0%, the APR will typically stay at this 0% interest level for a specified period of time (assuming you make all your card payments on time), potentially saving you hundreds or even thousands of dollars in interest charges when you compare cards side by side.
At CreditCardAssist.com, we have provided a variety of tips, advice and free information to help guide you in your search to find the top balance transfer credit cards available. When you search and compare cards you should start by asking the following questions:
- When will the intro rate on the balance transfer credit card offers expire?
- Does an annual fee apply for the card?
- Will the introductory rate apply to the initial balance transfer only? Or will it apply to all transfers made over the introductory period?
- Will the introductory rate apply to purchases as well?
- What is the credit card balance transfer interest rate (APR) after the introductory rate ends?
- Are there any applicable transaction fees?
Some credit card issuers will charge expensive transaction fees on balance transfers. Be sure to investigate any applicable fees upfront. You don't want to get surprised with a 3% or 4% transaction fee after the fact. Keep in mind that balance transfer credit card offers are most suitable for individuals with good to excellent credit. Not everyone will qualify for the low "teaser" rate being offered on the card. Be sure to know what introductory rate will apply before you make the initial transfer. Terms and conditions will most certainly vary between balance transfer credit cards. So, be sure to thoroughly read the terms and conditions of each specific card offer that you are considering.
Best Balance Transfer Credit Cards - Reviews
If you carry large monthly card balances, balance transfer credit cards are a great way to save money right away. If you don't switch credit cards often and are looking for one main card for long term charges, balance transfer credit cards could save you a bundle. We have listed a variety of the very best balance transfer credit cards available below.
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Citi® Platinum Select® Card - Balance Transfers |
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- 0% APR* on Balance Transfers and Purchases for Up To 12 Months*
- No Annual Fee*
- Citi Identity Theft Solutions*
- $0 Liability on Unauthorized Purchases*
- Secure, Free Online Account Management*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Purchases, Balance Transfers*
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Up to 12 Months*
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As low as 8.49%*
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None*
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See Site for Details*
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Excellent Credit*
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Editor's Review:
Some of the best attributes about the Citi® Platinum Select® Card are the balance transfer credit card features. The 0% intro APR is good for 12 months and is applicable on purchases as well. This is a nice added feature for those who anticipate a need for a low ongoing APR for upcoming purchases throughout the year
...more info
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Chase Platinum Visa® Card - Balance Transfers |
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- 0% Intro APR for up to 12 months
- The time period for the introductory APR and the balances to which it will apply will be based on our review of your application and credit history
- No Annual Fee
- FREE Online Account Access
- FREE travel services including Auto Rental Collision Damage Waiver and Worldwide Travel Accident Insurance
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0%*
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Up to 12 months*
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11.24%*
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None*
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Yes*
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Good Credit*
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Editor's Review:
Chase Platinum Visa® Card is one of our most outstanding balance transfer credit cards with several great card features. This card is considered Chase's "flagship" platinum card and is consistently one of CreditCardAssist.com's most highly rated cards because of its versatility and wide range of card benefits, including an outstanding 0% introductory rate on balance transfers (as well as purchases)
...more info
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Discover® More(SM) Card - Balance Transfers |
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- 0% Intro APR*
- One call, we take care of it*
- Talk to a knowledgeable person in less than a minute*
- Easy online Account options that put you in control*
- Increase, even double, your rewards when you redeem for gift cards from our 100 Cashback Bonus Partners*
- Timely e-mails to help you avoid fees*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0%*
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6 Months*
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10.99%*
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None*
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Yes*
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Very Good Credit*
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Editor's Review:
The Discover® More credit card offers cardholders a cash back rebate on purchases of up to 1%, and an attractive low APR for the first 6 months of membership. The intro APR period of 6 months is attractive enough to consider it one of the better balance transfer credit cards
...more info
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Blue from American Express® - Balance Transfer |
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- Membership Rewards Express(SM) program*
- 0% APR on Purchases for Up To 15 Months*
- No Annual Fee*
- Low Balance Transfer APR - 4.99% Fixed APR for the Life of the Balance*
- Blue is Your Launch Pad to Standout Shopping and Entertainment Rewards and One-of-a-Kind Experiences*
- Express Approval. Get a Decision in Less Than 60 Seconds*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Purchases*
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Up to 15 months*
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10.24%*
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None*
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Yes*
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Excellent Credit*
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Editor's Review:
Consumers in the market for a great balance transfer credit card need look no further than Blue from American Express. This is an exceptional card offer for many reasons, one being the great interest rate. Blue from American Express offers a 4.99% introductory rate
...more info
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Blue Cash® from American Express - Balance Transfer |
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- "Best Cash-Rebate Card" by Kiplinger's Personal Finance*
- Up To 5% Cash Back with Unlimited Cash Rewards*
- Earn Unlimited Cash Back*
- 0% Intro APR for 6 Months on Purchases*
- Low Balance Transfer Rate - 4.99% Fixed APR for the Life of the Balance*
- No Annual Fee*
- Express Approval. Get a Decision in Less than 60 Seconds*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Purchases*
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6 Months*
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10.24%*
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None*
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Yes*
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Excellent Credit*
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Editor's Review:
The Blue Cash from American Express credit card is a good choice for those with good or excellent credit who are looking for both a top notch balance transfer credit card and to earn some cash back from their expenditures as well
...more info
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Bank of America Rewards™ American Express® - Balance Transfer |
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- 0% Intro Annual Percentage Rate (APR)† on Balance Transfers and Cash Advance Checks for Your First 12 Billing Cycles*
- No Annual Fee and the Flexibility to Pay Over Time*
- Redeem Your Points for Travel with No Blackout Dates, Discounts at Hotels, Cash, Brand-Name Merchandise, or Gift Certificates*
- Earn One Point for Every Net Retail Purchase Dollar*
- Access to Special Cardmember Offers from American Express to Save on Shopping, Dining, Travel, Hotels, and Much More*
- Free 24/7 Concierge Service*
- Card Issued by FIA Card Services, N.A.*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0%*
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12 Billing Cycles*
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9.99%*
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None*
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Yes*
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Average Credit*
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Editor's Review:
Through the reward program, Bank of America Rewards™ American Express® cardholders earn one point for every dollar they spend on the card. The card has no annual fee, a 0% introductory rate for both balance transfers and cash advance checks for the first twelve billing cycles, and a very low fixed interest rate on purchases and balance transfers once the introductory rate expires.
...more info
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Citi® Diamond Preferred® Rewards - Balance Transfers |
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- 0% APR* on Balance Transfers for up to 12 Months*
- $50 Gift Card – Earn 6,000 Bonus Points after $100 in Purchases Made Within First 3 Months*
- 5 Reward Points for Every $1 Spent on Purchases at Supermarkets, Drugstores and Gas Stations for 12 Months*
- No Annual Fee and FREE Rewards Program*
- Citi Identity Theft Solutions*
- Price Protection Program*
- $0 Liability on Unauthorized Purchases*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Balance Transfers*
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Up to 12 Months*
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As low as 10.49%*
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None*
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See Site for Details*
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Good Credit*
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Editor's Review:
While the Citi Diamond Preferred® Card is primarily designed as a reward credit card, it also maintains a 0% intro APR for an extended period (up to 12 months). For card applicants primarily interested in transferring high APR card balances, this card should be considered among the top balance transfer credit cards worth noting
...more info
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Looking for more articles and free information on balance transfer credit cards? We've provided more articles, tips, advice and resources on balance transfer credit card offers below: - Basics of Balance Transfers - When completing a balance transfer, the outstanding debt (balance) owed on the cardholder's old credit card is transferred to a new credit card with a lower interest rate, and typically occurs when a customer switches from his existing credit card to a new credit card.
- Maximizing Your Balance Transfer Cards - Balance transfer credit cards happen to be one of the most appealing aspects of the credit card business for consumers. They allow many people to take advantage of much lower interest rates and less finance charges on outstanding card balances but
- Quick Step to Debt Consolidation - For anyone in a great deal of credit card-related debt, balance transfer credit cards can be a quick way to consolidate debts while avoiding heavy interest charges on a number of different cards. However, it's important to remember that a balance transfer credit card carries a built-in time limit...
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*Please be sure to see the specific online Balance Transfer Credit Card application for additional details about the terms of the balance transfer credit cards that you are interested in. We make a reasonable effort to maintain informational accuracy. However, all information and any details pertaining to each credit card presented are done so without warranty. After clicking on the "Apply Here" button, make sure to review ALL of the conditions and terms pertaining to that offer on the credit card issuer's web site. |
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